Welcome to the CorVel Corporation earnings release conference call. During the course of this conference call, CorVel Corporation may make projections or other forward-looking statements regarding future events or the future financial performances of the company. CorVel wishes to caution you that these statements are only predictions and that actual events or results may differ materially. CorVel refers you to the documents the company files from time to time with the Securities and Exchange Commission, specifically the company’s last Form 10-K and 10-Q files for the most recent fiscal year and quarter. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. At this time, all participants are in a listen-only mode. A question-and-answer session will be conducted later in the call with instructions being given at that time. As a reminder this conference call is being recorded. I would now like to turn the conference over to your host, Dan Starck and Gordon Clemons. Gentlemen, please go ahead.

Thank you, Dennis. This Dan Starck and I would like to thank everyone for joining us today to review and discuss CorVel’s September 2008, quarter results and as you know I’m joined by our Chairman, Gordon Clemons. In our usual format, I’ll be covering the financial results and future initiatives and Gordon will be covering product development. After our overview we’ll open the call to questions. Now to the September 2008 quarter results. Revenue for the quarter was $77.9 million, which is a 5.9% increase from the September 2007 quarter. Earnings per share were $0.36 for the quarter, versus the $0.40 reported in the September 2007 quarter. During the quarter, in our traditional business lines, the network solutions results reflect ongoing expansion of our overall savings results for customers and improving volumes in our directed care network business. Our case management results continue to show improved results as well. We also continued with our enterprise comp expansion; our strategic initiative of bringing a new approach to claims management and our transition to becoming a full service provider to the workers compensation market. As a company, we continue to move through a strategic repositioning of CorVel. From being a traditional managed care provider, serving a portion of the workers compensation industry, to becoming a full service provider, able to serve all buyers in the workers compensation industry. The combination of traditional business growth and our strategic repositioning has required increases in our general and administrative expenses. This quarter’s results reflect the ongoing investments required to support these initiatives as the year-over-year growth in G&A represents more than the entire net income variance from the September 2007 quarter. As we have covered in prior calls, in the past 18 months, CorVel has acquired two claims administration companies. Following the completion of those…

Thanks, Dan. The project areas I’ll cover today include the build out of our claims handling infrastructure, our next generation claims handling technologies, various projects in response to ongoing legislative changes in workers comp and the national legislation to which Dan referred, directed care work flow management software and lastly our web based reporting tools. The September quarter saw us begin to make good progress on the key projects in support of our enterprise comp initiative. While we still have ongoing work to do over the coming quarters and years, good progress has been made building our domain knowledge and getting the key new claims management modules running within the CorVel infrastructure. We have moved acquired systems into our Portland, Oregon data center and have addressed the stability and scale ability of these systems to handle national service needs of our larger customers. We have also begun moving selected features into the CorVel CareMC web portal. These projects were a high priority for our development team over the last nine months. We are satisfied we have our new claims system in a strong position to continue accepting the move of our next generation tools into this suite of services. Secondly, during the quarter we continued development of the enterprise comp software, which includes the rules engine and workflow management tools. Our goal has been to have an important new workflow management features operational by the end of the year. Fortunately, tools previously developed for customers doing their own claims management have provided a base from which we have begun. Similar applications have also been successful in our medical review applications, particularly in improving outcomes for customers. These are large projects though, especially when viewed in their entirety and in the contexts of their ultimate potential and will be in a…

Thank you, Gordon. I’d just like to add a few more items prior to opening the call to questions. Cash flow for the quarter was $1.8 million with quarter ending cash balance at $23.6 million. Our DSO increased two days to 48 days. From a stock repurchase standpoint, 55,000 shares were repurchased in the quarter and we spent $1.5 million. We spent $168 million inception to date and we have repurchased $11,842,000 shares inception to date. Subsequent to the end of the quarter, in October we purchased an additional 302,000 shares and we spent an additional $7.8 million on those purchases. Hard shares for the quarter were 13,733,000 and diluted EPS shares were 13,960,000. In summary, we’re making progress in the execution of our strategic initiatives and the investments we are making are in support of our long term strategy. We’re hearing positive responses from the marketplace regarding our products and seeing some positive movement in our organic sales growth in a very difficult claims environment. With the difficulties in the overall economic environment, the principles with which the organization has been run and will continue to follow are proving to be advantageous. It’s an especially good time to be an organization that currently carries no debt and has strong cash flow. I would now like to open the call to questions.

(Operator Instructions) At this time, there appear to be no questions.

Okay. Dennis, I’d just like to wrap up and I’ll turn it over to Gordon for a couple of comments here, but I think that I’d like to thank everybody for joining the call, maybe a little bit of a light turnout there. Everybody’s out doing their civic duty and voting and certainly I look forward to speaking with everybody here in the future. Gordon, any comments to wrap up?

I don’t think you would be real happy if I had questions to ask of you. So, I think I’ll let you off lightly today.

Well, thanks everybody. Appreciate it and we certainly look forward to speaking with everybody here in the future.

Bye-bye.

This concludes our conference call for today. Thank you all for your participation. Please disconnect at this time.